£

Value of 1963 British Pounds today

£100 in 1963
£1,939.19 in 2022

The inflation rate in the United Kingdom between 1963 and today has been 1,839.19%, which translates into a total increase of £1,839.19. This means that 100 pounds in 1963 are equivalent to 1,939.19 pounds in 2022. In other words, the purchasing power of £100 in 1963 equals £1,939.19 today. The average annual inflation rate between these periods has been 5.15%.

Inflation timeline in the United Kingdom (1963 - 2022)

The following chart depicts the equivalence of £100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (GBP) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1963-2021 1,695.2%
Cumulative inflation 1963-today 1,839.19%
Avg. Annual inflation 1963-2021 5.1%
CPI 1963 6.22
CPI 2021 111.6
CPI 2022-04 (latest official data) 119
CPI today 120.55

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1963 and 2021, use the corresponding CPI values:

Value2021
=Value1963 ×
CPI2021/CPI1963
=£ 100 ×
111.6/6.22
£1,795.2

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 120.55:

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=£ 100 ×
120.55/6.22
£1,939.19

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are £100 worth today. There are 58 years between 1963 and 2021 and the average inflation rate was 5.1048%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=£100 × (1 + 0.051048)58
£1,795.2

UK inflation - Conversion table

Initial Value Equivalent value
£1 pound in 1963 £17.95 pounds in 2021
£5 pounds in 1963 £89.76 pounds in 2021
£10 pounds in 1963 £179.52 pounds in 2021
£50 pounds in 1963 £897.6 pounds in 2021
£100 pounds in 1963 £1,795.2 pounds in 2021
£500 pounds in 1963 £8,975.98 pounds in 2021
£1,000 pounds in 1963 £17,951.96 pounds in 2021
£5,000 pounds in 1963 £89,759.81 pounds in 2021
£10,000 pounds in 1963 £179,519.61 pounds in 2021
£50,000 pounds in 1963 £897,598.06 pounds in 2021
£100,000 pounds in 1963 £1,795,196.11 pounds in 2021
£500,000 pounds in 1963 £8,975,980.57 pounds in 2021
£1,000,000 pounds in 1963 £17,951,961.13 pounds in 2021
Cumulative inflation From 1963 1,839.19%
Avg. annual inflation From 1963 5.15%
CPI 1963 6.22
CPI today 120.55

Value of Pound over time (by year)

Period Value
1963 100
1964 103.28
1965 108.21
1966 112.44
1967 115.23
1968 120.65
1969 127.22
1970 135.32
1971 148.1
1972 158.57
1973 173.15
1974 200.93
1975 249.57
1976 290.9
1977 336.98
1978 364.83
1979 413.79
1980 488.13
1981 546.1
1982 593.06
1983 620.4
1984 651.18
1985 690.71
1986 714.39
1987 744.03
1988 775.34
1989 820.39
1990 886.34
1991 952.29
1992 995.72
1993 1,021.46
1994 1,043.98
1995 1,071.33
1996 1,101.89
1997 1,126.02
1998 1,146.93
1999 1,167.84
2000 1,180.71
2001 1,200.01
2002 1,217.71
2003 1,233.8
2004 1,251.49
2005 1,277.23
2006 1,309.4
2007 1,339.96
2008 1,386.61
2009 1,413.96
2010 1,449.35
2011 1,505.65
2012 1,544.25
2013 1,579.64
2014 1,602.16
2015 1,608.6
2016 1,624.68
2017 1,666.51
2018 1,705.11
2019 1,734.07
2020 1,751.76
2021 1,795.2
2022-04 1,914.23
Today 1,939.19

All available years

Today's value of british pounds by year:

1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

Other currencies: